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Zion to intervene in nonprofit hospital tax-exemption filing; staff warns of multi-million-dollar shift if exemption granted
Summary
Council authorized the city to intervene in a property tax-exemption application filed by a not-for-profit hospital. City staff said the property contributes about $4.6 million in taxes to local taxing bodies and estimated the city's portion at roughly $800,000 that would be at risk if the exemption were granted.
Zion — The Zion City Council voted Oct. 7 to authorize the city’s intervention in a tax-exemption assessment filed by a not-for-profit hospital.
Why it matters: city officials said the hospital currently pays about $4.6 million in property taxes that are distributed among the school district, city, park district and library. If the…
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